Nov 14, 2024 / 09:00AM GMT
Christopher Hollowood - Syncona Ltd - Chief Executive Officer
Good morning, everyone, and welcome to Syncona's half-year results. At the full year, I took you through the significant work we had done -- the significant work we had done undertaken to rebalance the portfolio, expand the team, and embed a new operating model, not just to return Syncona to growth, but to return it to sustainable growth.
We recognize that we've been through a period of NAV underperformance driven by the need to refocus the business in the face of the most prolonged bear market in a generation. And we thank our shareholders for their continued support through this period. NAV per share in the half is down 5.2%, with performance predominantly impacted by quoted holdings. And I'll touch on this in more detail on the next slide.
Portfolio substantially rebalanced towards late stage and is executing well, hitting key value inflection points such as Beacon's 24-month data in blindness and Spurs Phase 1/2 data in Gaucher disease, which was just a couple of weeks ago. Additionally, post-period end, Autolus received
Half Year 2025 Syncona Ltd Earnings Call Transcript
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